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can you help me rephrase this - The company adheres to various important accounting principles essential for their RUNNING HEAD: INDUSTRY AND BUSINESS STRUCTURE 6

can you help me rephrase this - The company adheres to various important accounting principles essential for their RUNNING HEAD: INDUSTRY AND BUSINESS STRUCTURE 6 financial reporting and operational processes. According to American Eagle Outfitters' Fiscal Year Ended February 2024 Financial Filings and Annual Reports submitted to the SEC, some of the key accounting policies the company employs involve revenue recognition, merchandise inventory, impairment of long-lived assets, impairment of goodwill and intangible assets, share- based payments, and income taxes

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